Mishergas Green Energy

Idea

Introduction

Our Mishergas model will aim to produce a constant supply of 8 MW per hour of green energy which is enough for 15,000 homes. We intend to do this by turning waste tyres into electricity using self-sustaining, environmentally friendly technology. We believe this not only solves a problem of waste tyres and pollution but also reduces the need for mining, fracking & dependence on fossil fuels. Unlike the fluctuations of supply with wind and solar, we can supply electricity round the clock and plan to recover the oil, carbon black & steel which are also saleable commodities. We therefore feel that Mishergas is both green and has a great business model.

Intended impact

We would be cleaning up a waste product with potential environmental hazardous effects in an environmentally responsible way, and recovering the embodied energy from waste tyres to convert them into saleable commodities: electricity, carbon black and steel.
We will aim to supply 8 Mw every hour, 24 hours a day of green electricity.
Once we have established this technology in the UK, it can be replicated cleaning up waste & recovering its energy.

Substantial accomplishments to date

We believe we will be starting a new form of green energy production that will be a constant supply as well as helping to solve a waste problem.
Mishergas has sourced a reliable tyre supply, negotiating Power Purchase options, researched and sourced the necessary machinery, done feasibility studies on sites, spoken with related parties and have done public presentations. Once we have achieved the necessary funding we will apply for planning permission and aim to secure all the necessary contracts.

Monetisation strategy

We have three revenue streams:

1. We will aim to supply 8 Mw every hour, 24 hours a day of green electricity. We anticipate that this will be for a minimum of £100 per Mwh and include ROCs or CfDs as government-backed payments for renewable energy.

2. We have found that Carbon black, which we plan to enhance to the highest standard, can be resold back to tyre manufacturers at around £400 a tonne (we hope to produce around 15,000 tonnes a year), it is also widely used as the black pigment in the plastics industry.

3.The other commodity produced is steel (we estimate around 4,000 tonnes a year) which can also be sold.

Use of proceeds

This is to complete the technical and commercial negotiations of the plant and machinery, enter into tyre supply agreements, take out an option on our chosen site, obtain a grid connection offer and apply for the necessary planning permissions. This stage will take three months.
The next stage would be to accept the grid connection offer, enter into legal agreements for the grid connection, obtain planning permission, enter into a power purchase agreement and agree terms for the supply of the plant and machinery including maintenance and performance guarantees. A separate round of funding will be required. We hope this will also be through crowd funding. Once those tasks are completed, which will take at least five months, the business will be “shovel ready” and we will complete negotiations with major funders for the balance of the £17 million needed.